Buffalo, OK is a small town situated in the state of Oklahoma. It has a population of around 1,300 people and the cost of living here is very affordable. The average rent for two-bedroom apartments is only $700 compared to the national average of $1,430. Similarly, grocery costs are significantly lower in Buffalo at 91 compared to 100 nationally as per the Grocery Cost Index. The town is known for being home to a few local businesses such as Buffalo Market & Deli, Oxford Market Grocery Store and J&J Construction Services. Overall, Buffalo offers a more cost-effective lifestyle than larger cities across America.
Buffalo has an unemployment rate of 2.3%. The US average is 6.0%.
Buffalo has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 5.8%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Buffalo
- The average income of a Buffalo resident is $20,228 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo resident is $61,250 a year. The US average is $69,021 a year.